Rambus (RMBS) - Eagle or Penguin Message Board

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Technology Stocks : Rambus (RMBS) - Eagle or Penguin

RMBS 90.19

+2.8%

Nov 19 3:59 PM EST

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To: unclewest who wrote (22804)	6/17/1999 4:15:00 PM
From: Ian Anderson	Read Replies (3) of 93625

Looking at the chart again I wonder if what we saw was programmed trading kicking in to stop losses on two large short positions. at 14:10 the price went above 88, and the volume (and the price) surged. The volume had dropped off again, but the price was still climbing slowly, then at 15:30 the price went through 92, and there was another surge. If this theory is right then about 1M of our short position (i.e. about 1/6th according to the last figures, covered this afternoon in the price range 88-95 Is this a reasonable view on what happened? If so does it tell us anything for tomorrow?

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